Why Blink Charging Stock Fell 16.1% in July but Could Soar in August

Shares of electric vehicle charging company Blink Charging (NASDAQ: BLNK) slumped 16.1% in July, according to data provided by S&P Global Market Intelligence.

It was a busy month for Blink Charging as it won some contracts, indicating rising demand and need for EV charging infrastructure, and if not for the initial profit taking, the stock would've ended July on a positive note. Here's what happened.

July was a choppy month for Blink Charging -- the stock jumped 13.5% in the second half of the month after falling double-digits in the first half as investors took some profits off the table after the stock's rally in June.

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Source Fool.com